will i just be able to keep my bank account

[tinytori]

Hello

Iam new to froum, just going through the paper work to start my IV my head is so mixed up with everything

i have been with greg penn for about 8 months

will i just keep my account with bank of scotland?? when my IV starts???

[MelanieGiles]

You should be able to keep your bank account, so long as you have no debts with the Bank of Scotland.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[iva_squirrel]

Good morning and welcome to the forum.


If you are not overdrawn and do not have loans or credit cards with your bank then you do not need to open a new bank account.

Good luck.





Julia Simavi

Shortlisted for Best UK Debt consultant by Credit Show 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

Visit my website:
http://www.supersonicsquirrel.net

[iva experts]

The above experts are correct, as long as you have no debt with Bank of Scotland you should be allowed to keep your account.

Is there any reason why your IVA is taking 8 months to set up? Or were you in a DMP first and now starting the IVA process?


Best Regards. IVA Experts

[tinytori]

The above experts are correct, as long as you have no debt with Bank of Scotland you should be allowed to keep your account.

Is there any reason why your IVA is taking 8 months to set up? Or were you in a DMP first and now starting the IVA process?


Best Regards. IVA Experts

Hello thanks for ur reply's

I was on DM 1st

Iam so scared about my IVA[:(]

[iva experts]

Hi there,

Being scared is only natural as you are finally facing up to your debt situation. Just remember that you are taking action and steps towards a debt free future, rather than keeping your head buried in the sand.

Could you tell me who your creditors are? And what dividend are you offering?

Best Regards. IVA Experts

[tinytori]

Creditors are lloyds tsb barclays bank and simply be catalogue. Not sure yet we iam offering. Why you ask iam doing something wrong???

[iva experts]

Not at all, I was just interested to see if you had any of the difficult creditors (eg: HSBC, Northern Rock etc) who want more than the usual 25p/£ dividend.

Best Regards. IVA Experts